 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 22 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 6 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 22 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 22 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 14 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 14 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 14 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 14 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
The AI Revolution Has a Problem: Energy
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Record Surge in Global Coal Capacity Led by China
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Energy
China's Energy Investments on a Global Roll, Now Include Brazil
China, flush with cash, is on a global search to acquire any and all overseas energy assets. China Petrochemical Corp., known more familiarly as the Sinopec Group, Asia's biggest refiner,…
South Korea and Kazakhstan Deepen Energy Ties
Since the December 1991 collapse of the USSR, one of the most exciting developments for the international energy community has been the rise of oil exports from the Caspian region.…
Mr President - It's Time to Make a Decision on the Keystone XL Pipeline
When I worked in Scotland, one of my managers was a wise Englishman named Graham Walker. As with many people whose paths I have crossed in my life, some nuggets…
The Top Ten Causes of Toxic Pollution
A study addresses toxic industrial pollution around the world and its impacts on health. A report released this week by the Blacksmith Institute reveals the major causes of toxic pollution…
Crude Oil Analysis for the Week of November 14, 2011
January Crude Oil finished sharply higher for the week, settling well above a key 50% support at $95.29, but below 61.8% resistance at $99.99. Additional Gann angle support is at…
Why we Need to Change the Way we Assess Fuel Supplies
Opposition to the Keystone XL pipeline is fierce in some quarters, led by environmentalists implacably opposed to the venture on the grounds that it will encourage further development of Canadian…
Natural Gas Analysis for the Week of November 14, 2011
Natural gas futures continued to fall on the weekly chart. Last week the January contract took out three week’s worth of bottoms to set another contract low. The break in…
Rowe, Philosopher-CEO, Retiring
One of America's leading energy executives is retiring. John Rowe, a revered figure in the electric utility industry in particular, and energy circles in general, brought history and philosophy to…
IEA Report Calls for Governments to Embrace Nuclear Power
The good news is that on 8 November the International Energy Agency released its 2011 “World Energy Outlook.” While it will cheer nuclear advocates, overall the report makes for grim…
More Oil Discovered in Nigeria - Surprise, Surprise
On 8 November French company Total S.A. announced that its local subsidiary, Total E and P Nigeria Ltd (TEPNG), struck oil in the southeastern corner of its Oil Mining Lease…
Argentina Announces Massive Oil and Natural Gas Reserves
There is good news and bad news for Argentina, Latin America’s third largest economy. The good news? On 7 November the YPF SA, Argentina's biggest oil and gas company, confirmed…
Namibia Pressing Forward on Natgas Project
Namibian President Hifike-punye Pohamba has ordered the country’s Minister of Mines and Energy Isak Katali to expedite implementing the country’s long delayed Kudu natural gas project. The project will both…
Iran and China to Share Academic Energy Expertise
On 5 November in Beijing officials from Iranian and Chinese petroleum industry universities reached agreement over cooperation in oil and gas related issues in research, industrial, and academic fields. The…
Economic Growth Being Choked by High Oil Prices and Falling Supply
I gave a talk on expected financial implications of the oil limits that we are now reaching at a recent meeting of the Association for the Study of Peak Oil-USA.…
Merkel, Medvedev Launch Nord Stream Pipeline Beneath Baltic Sea
The leaders of Germany and Russia have inaugurated the Nord Stream pipeline, linking Western Europe directly with Siberia's natural gas reserves. German Chancellor Angela Merkel and Russian President Dmitry Medvedev…
U.S. Government Confirms Link Between Earthquakes and Hydraulic Fracturing
On 5 November an earthquake measuring 5.6 rattled Oklahoma and was felt as far away as Illinois. Until two years ago Oklahoma typically had about 50 earthquakes a…
No Growth in Oil Production for 7 Years - Will Alternatives Arrive Soon Enough?
As oil prices rose ever higher in the last decade, the optimists kept predicting rising production capacity and plummeting prices. Looks like they got it wrong. We are entering what…
Peak Oil: The Five Most Common Misconceptions
I have just returned from the annual ASPO conference in Washington, D.C. This was only my 2nd ASPO conference; the first one I attended was in 2008 in Sacramento. There…
The Hybrid Power Plant: Is This The Best Application of Solar Technology?
Prof. Avi Kribus of Tel Aviv University’s School of Mechanical Engineering and its innovative new Renewable Energy Center is applying the term “hybrid” to power plants (More info) Prof.…
Natural Gas Analysis for the Week of November 7, 2011
Natural gas continues to base while attempting to form its final bottom according to the January futures contract. Last week’s action produced a higher-top and a higher-bottom compared to the…
